The concept of virtualization machines is not new, but it is increasing vastly and gaining popularity in the IT world. Hypervisors are also popular for security as a means of isolation. The virtualization of information technology infrastructure creates the enablement of IT resources to be shared and used on several other devices and applications; this increases the growth of business needs. The environment created by virtualization is not restricted to any configuration physically or execution. The resources of a computer are shared logically. Hypervisors help in virtualization of hardware that is a software interact with the physical system, enabling or providing virtualized hardware environment to support multiple running operating system simultaneously utilizing one physical server. This paper explores the benefits, types and security issues of Virtualization Hypervisor in virtualized hardware environment.